2019-11-15T14:16:02-06:00 2019-06-30 363990892 Capin Crouse LLP 3050 Saturn Street Suite 104 Brea CA 92821 990 2018-07-01 941279803 William Jessup University WILL 9165772200 2121 University Avenue Rocklin CA 95765 David Punt CFO 9165772200 2019-11-15 1 Ted R Batson Jr P00721951 7145770988 139.146.132.42 2019-11-15 15:15:55 ES P 283BABE5A0848B57BBE4298301CDD87A0826D5CA 264AFE37330054C0E1C54764B499BC605E773665 2018 2020-03-31 21:24:44Z John Jackson 2121 University Avenue Rocklin CA 95765 52099376 0 X www.jessup.edu X 1945 CA Christ-centered university offering degrees via traditional, continuing and online platforms. 12 10 871 80 0 0 5805390 2422590 42186601 48738280 192810 239905 -57619 -48489 48127182 51352286 12742099 15185169 0 0 17185018 19007638 0 0 1915439 16567564 18371709 46494681 52564516 1632501 -1212230 103477273 111642360 79677407 88971316 23799866 22671044 X In partnership with the Church, the purpose of William Jessup University is to educate transformational leaders for the glory of God. 0 0 41485300 14799413 40629362 UNDERGRADUATE AND ONLINE EDUCATION: WJU enrolls more than 1,100 students in its undergraduate and online programs with an integrated Biblical foundation in each program. Each undergraduate program is founded on a solid liberal arts core and designed to foster a student's spiritual development. With more than 70 degree options, WJU has a variety of concentrations and specializations from which students may choose. Experiential and co-curricular learning opportunities are a hallmark of the traditional undergraduate programs as our internship opportunities and work preparedness courses assist students in school-to-work transitions. The growth of online options and programs now includes 9 fully-online degree programs. Majors include Business, Psychology, Criminal Justice, Christian Leadership, English, History, Music, Theater, Visual and Fine Arts, Digital Communication & Design, Liberal Studies & Credentialing, Public Policy, Biblical Studies, Theology, Biology, Kinesiology, Environmental Science, Math, Aviation, Computer Science, and Youth Ministry. Jessup also offers three associate degrees and a certificate program in Addiction Studies.WJU provides a holistic educational experience for its residential and commuter students. The University Learning Commons provides entry level and continuing educational support services for special needs and at-risk students through a team of academic specialists, advisors, and tutors. 2381248 172756 5296641 GRADUATE EDUCATION:WJU offers a growing array of high quality graduate degrees, each designed to offer an advanced-level educational experience taught by highly qualified faculty who share personal concern for each student's spiritual development and personal well-being. Current offerings include an MA in Teaching, an MBA, an International MBA, an MS in Computer Science, an MA in Education, an MA in Counseling Psychology, and fully online programs for the MBA, MA in Leadership with a concentration in Christian Ministry, MA in Sports Management, and MS in Kinesiology. Jessup is selectively building high quality graduate degrees that serve student interests and marketplace demands based on the core academic strengths of its programs and faculty.Both thesis based and professional degree programs provide opportunities for critical thinking, speaking, and writing with the goal of preparing knowledgeable and highly qualified graduates who may pursue additional graduate study and/or professional careers. Internship opportunities and experiential learning emphases provide students with hands-on opportunities to promote their professional development. New graduate degrees under exploration include healthcare, social work, and theology. 2117435 213000 2812277 ADULT DEGREE COMPLETION:WJU's Adult Degree Completion (ADC) programs are customized to serve working adult students in a course of study that is convenient, flexible and relevant to their personal and professional goals. Accelerated courses are offered in the evening and weekends on both of WJU's campuses (Rocklin and San Jose). The ADC pedagogy is built to serve high-context adult learners who bring with them into the classroom a wide range of work and life skills, gifts, and abilities. Expert faculty who are selected and appointed for their academic expertise, professional experience, missional fit, and ability to teach in an accelerated adult classroom, capitalize on the adult learner's training and experience to help them grow in their expert knowledge of the subject matter as well as the ability to think, write, read, and speak well. The ADC educational experience seeks to bring the world of work into the classroom and take the knowledge and experience of the classroom back into their respective work situations.Fostering a student's passion for knowledge, professional growth and development, and matters of personal faith and spiritual formation reflects the spirit of WJU's adult degree completion programs in Business Administration, Psychology, and Leadership 45983983 1 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 1 0 0 0 1 2073 0 1 871 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 10 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CA CO DC MA MD MI NH NV NY OH OK OR SC WA WI X Diane Kim 9165772200 2121 University Avenue Rocklin CA 95765 X Clifford Daugherty Chairman 1.00 X X 0 0 0 Bonnie Gore Vice Chair 1.00 X X 0 0 0 Steven Olds Treasurer 1.00 X X 0 0 0 Edward Lee Secretary 1.00 X X 0 0 0 John Jackson President 40.00 X X 159012 0 141901 Valerie Hanson Trustee 1.00 X 0 0 0 Laura Chiappe Trustee 1.00 X 0 0 0 Chris Mann Trustee 1.00 X 0 0 0 Bob Robert Reeve Trustee 1.00 X 0 0 0 Jennifer Silva Griffin Trustee 1.00 X 0 0 0 Paul Edwards Trustee 1.00 X 0 0 0 Rick K Pickering Trustee 1.00 X 0 0 0 Laurie Kubicek Trustee (Part Year) 1.00 X 0 0 0 Brett Neal Trustee (Part Year) 1.00 X 0 0 0 David Punt Chief Financial Officer 40.00 X 51979 0 140382 Judy Rentz Chief Operations Officer 40.00 X 153825 0 14416 Kay Llovio Chief Student Life Officer 40.00 X 117994 0 11961 Ahmad Shaar Director of Corporate Learning 40.00 X 111350 0 5795 Stephen Strombeck Dean, Professor of Marketing 40.00 X 120840 0 20955 Todd Erickson Vice-Provost 40.00 X 104873 0 11670 819873 0 347080 6 0 1 0 Bon Appetit 100 W Temple St Los Angeles CA 900740196 Food Services 1717927 Global Education Group LLC 1611 East 2nd St 51 Casper WY 82601 Tuition Sharing 914975 Clean It Janitorial Services LLC 4005 Manzanita Ave 6-233 Carmichael CA 95608 Janitorial Services 340054 RuffaloCody Holdings LLC PO Box 718 Des Moines IA 50303 Advertising 242295 Lawson Mechanical Contractors 6090 S Watt Avenue Sacramento CA 95829 HVAC Service 238654 8 175111 235341 2012138 84599 2422590 Traditional Education 611710 40629362 40629362 Graduate Program 611710 5296641 5296641 Adult Degree Program 611710 2812277 2812277 48738280 211284 211284 653037 623614 802 29423 -802 28621 28621 74185 175111 122674 -48489 -48489 51352286 48738280 0 191416 46670 46670 15138499 15138499 566694 87845 303158 175691 273167 189985 83182 15216441 13755043 639207 822191 90364 90364 1866977 1194545 642366 30066 993995 906673 44713 42609 85244 85244 67555 67555 15000 15000 21895 21895 3610697 3114864 178410 317423 812613 605840 48884 157889 1595069 1252935 215007 127127 272292 27768 244164 360 2154935 1811153 327339 16443 1059139 994989 13769 50381 75443 50060 8987 16396 3746322 2899945 827543 18834 2922608 2634464 271034 17110 244399 74708 169691 Academic Tools 444051 439355 679 4017 Bad Debt 401223 401223 Student Activities 381190 380511 37 642 Staff Development 127026 94165 17925 14936 335008 193602 121264 20142 52564516 45983983 4665094 1915439 X 1579 9346553 3671354 5119954 2857738 1357921 397037 648626 104044 90000 14280 14758 260709 446055 110607475 19832279 92744677 90775196 3131316 3546882 294539 296415 103477273 111642360 1980517 2428395 1258375 1641882 77721380 310785 73029049 0 3409466 6868874 79677407 88971316 X 16928036 16831628 6871830 5839416 23799866 22671044 103477273 111642360 -1212230 83408 0 X X 0 1 X 1 1 1 X 5900499 3591789 3934719 5805390 2422590 21654987 5900499 3591789 3934719 5805390 2422590 21654987 7187575 14467412 158641 24454 132853 161337 211284 688569 91511 97948 78707 83526 74185 425877 22769433 191752126 0.63540 0.77900 X Schedule A, Part II, Line 10, Explanation of Other Income: Gross Fundraising Event Fees - 2014 Amount: $ 91,511. 2015 Amount: $ 97,948. 2016 Amount: $ 78,707. 2017 Amount: $ 83,526. 2018 Amount: $ 74,185. Schedule A, Part II: The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 15000 15000 0 Part II-B, Line 1: Annual membership and advocacy fees paid to organizations that lobby against legislation that would be detrimental to William Jessup University. 0 1 X 3449105 158952 192889 128073 3672873 3026478 315938 200791 84854 9248 3449105 2688813 137647 269568 69550 3026478 1642730 972559 63823 75930 -85631 2688813 1674901 30709 -1202 70605 -8927 1642730 0.10840 0.89160 0 0 5085160 22742413 27827573 67878275 10921801 56956474 4649757 544448 4105309 9917683 8167867 1749816 334187 198163 136024 90775196 36424641 83408 4772 122674 210854 36213787 15138499 15138499 51352286 37553463 4772 122674 127446 37426017 15138499 15138499 52564516 Part IV, Line 2b: Custodial accounts payable are prepaid tuition amounts held for students. Part V, Line 4: The endowment was established to fund student scholarships. Part XI, Line 2d - Other Adjustments: Fundraising Event Expenses 122,674. Part XI, Line 4b - Other Adjustments: Student aid netted with revenue per financial statements 15,138,499. Part XII, Line 2d - Other Adjustments: Fundraising events 122,674. Part XII, Line 4b - Other Adjustments: Student aid netted with revenue per financial statements 15,138,499. Form 990, Schedule D, Part V, Lines 2a - 2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 06/30/2019. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The University Catalogue and Application state that "William Jessup University admits students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the University. It does not discriminate on the basis of race, color, national and ethnic origin, age, gender, or physical handicap in the administration of its educational policies, employment practices, admissions requirements, or scholarship and loan programs." The University publishes its nondiscriminatory policy on its website and includes it on the admissions application. Schedule E, Part I, Line 6 Federal financial aid funds are received from the U.S. Department of Education under the authority of Title IV of the higher education act. The student financial assistance programs offered by the institution are the College Work Study program (FWS), Supplemental Educational Opportunity Grant program (SEOG), Pell Grant program (PELL), and the Federal Direct Student Loan program. These programs are administered by the institution in accordance with guidelines established by the U.S. Department of Education. East Asia and the Pacific 0 0 Program Services Mission Trips 37784 Sub-Saharan Africa 0 0 Program Services Mission trips 12964 Europe 0 0 Program Services Mission trips 14245 Russia and Neighboring States 0 0 Program Services Mission trips 24836 0 0 0 0 0 0 89829 0 89829 0 0 0 0 0 0 Part I, line 3: Expenditures are accounted for using the accrual method of accounting. University Fund Dinner 144261 125580 18681 39802 22721 500 17931 Warrior Golf Classic 60412 39318 21094 6381 17282 204 706 2 44623 10213 34410 3999 5195 1000 6951 249296 175111 74185 6381 61083 28120 1500 25588 122672 -48487 1 Convoy of Hope 330 S Patterson Ave Springfield MO 65802 680051386 501(c)(3) 40900 To aid victims of CARR Fire. InFaith Community Foundation 625 4th Ave Ste 1500 Minneapolis MN 55415 411802412 501(c)(3) 5770 To aid victims of CARR Fire. 2 0 Scholarships 1313 15138499 Part I, Line 2: The financial aid office at William Jessup University requires students to complete the Free Application for Federal Student Aid (FAFSA) form to determine eligibility for Federal, State and institutional grants, scholarships, and loans. This is an equitable formula that measures all assets consistently. Enrollment and eligibility are monitored by the University. Financial aid awarded is applied directly to student accounts and no cash changes hands. Occasional grants are awarded to 501(c)(3) organizations that support education and whose exempt purpose are consistent with the University's mission. X 1 1 X X 0 0 0 0 0 0 0 0 0 John Jackson President 146191 0 11572 0 1249 0 28993 0 113403 0 301408 0 0 0 David Punt Chief Financial Officer 45089 0 0 0 6890 0 21761 0 119113 0 192853 0 0 0 Judy Rentz Chief Operations Officer 153775 0 0 0 50 0 3076 0 11818 0 168719 0 0 0 Part I, Line 1a Because the University is a 501(c)(3) organization under IRS statute, and because the President and other staff members are ordained ministers, the board may designate a portion of their compensation as a housing allowance. Such designations are approved in advance and recorded in the Board minutes as required by IRS regulations. Pusuant to Internal Revenue Code Section 107, the ministerial housing allowance is not inlcuded in taxable compensation. The people whom received the housing allowance are below: J. Jackson D. Punt A California Municipal Finance Authority 201563466 13048VJF6 2019-05-08 78905343 Refunding issue of taxable bonds 6/24/2014 and 5/26/2015 0 0 0 A 78905343 4712000 1155770 4000000 69037573 2019 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 Date Rebate Computation Performed Issuer Name: California Municipal Finance Authority Date the Rebate Computation was Performed: 06/30/2019 John Jackson President and Board Member Home Loan X 100000 90000 0 1 1 90000 Derek Martin Family relationship with John Jackson, President 79528 Wages and other benefits 0 Jennifer Martin Family relationship with John Jackson, President 68695 Wages 0 Dawn Pickering Family relationship with Rick Pickering, Trustee 11160 Wages 0 James Jessup Family relationship with William Jessup, Founder 83182 Wages and other benefits 0 Bryce Jessup Family relationship with William Jessup, Founder 28896 Independent Contractor (Consulting) 0 X 9513 Appraisal X 31820 Appraisal X 3 34015 Proceeds from sale X Office & Theater equipment 2 2748 Cost X Musical instruments 1 2500 Appraisal X Auction Gift Certificate 1 2500 Face Value X Golf Cart 1 1500 Appraisal 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The organization has an Executive Committee that has the broad authority to act on behalf of the full board. The Executive Committee consists of the Chairman, Vice Chairman, Secretary, Treasurer, President and 2 trustees. Form 990, Part VI, Section A, line 2 Clifford Daugherty, Chairman and Jennifer Silva Griffin, Trustee have a business relationship. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990, with Schedule B redacted, is then forwarded to the board. Form 990, Part VI, Section B, line 12c The board expects of itself and its members ethical and businesslike conduct. Board members and Officers must represent unconflicted loyalty to the interests of the entire organization, superseding any conflicting loyalty such as that to advocacy or interest groups and membership on other boards or staffs. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. To ensure the University operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted. Form 990, Part VI, Section B, line 15 The executive committee is tasked with the annual performance review and compensation recommendations for the University President. The Board of Trustees shall fix the salary of the President and may fix the salaries of other employees of the Corporation including the other officers. If the Board does not fix the salaries of the other officers, the President shall fix such salaries. The reasonableness of compensation is determined annually using a compensation study for all positions within the University. The board-approved compensation is documented by the Board Chair and notice sent to the Human Resources Department. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part VII Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C. Part X, Lines 27 - 29: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 06/30/2019. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $16,831,628 Line 29 - Net assets with donor restrictions 5,839,416 ___________ Total net assets $22,671,044 Form 990, Part XII, Line 2c: The University has a sub-committee of the board that assumes responsibility for oversight of the audit, its financial statements, and selection of an independent accountant. This process has not changed since the prior year. Irrevocable Perpetual Trusts (3) Hold assets and remit income to University CA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0